世界黄金协会：下半年黄金ETF资金流动有望趋于稳定

The World Gold Council: Gold ETF flows are expected to stabilize in the second half of the year. North American gold ETFs saw $5.5 billion in outflows in June, bringing the region's net outflows for the first half of the year to $7.7 billion, marking the weakest first-half performance since 2013. European gold ETFs experienced $818 million in outflows in June, reducing their total inflows for the first half to $3.2 billion. The significant pullback in gold prices during the month was a key driver behind investors reducing their gold ETF allocations. The Asia region recorded outflows of $2.3 billion in June, the largest single-month outflow on record. Despite this, the region still posted its strongest-ever first-half performance, leading the world with net inflows of $12 billion.

Looking ahead, regional gold ETF flows are expected to stabilize. The macro baseline scenario in our "2026 Mid-Year Gold Outlook" suggests relatively stable gold performance in the second half of the year, with other scenarios potentially brewing breakthrough catalysts. Meanwhile, uncertainties surrounding geopolitics, economic growth, and financial markets persist. This backdrop could continue to support investor demand for portfolio protection and maintain interest in gold ETFs as a strategic safe-haven allocation. (Jinshi Data)